jaydill

A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM+0.3%), Ford (F-0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet. [View news story]

It's about time! The US Government should keep it's noise out of the workers business.Workers and Employer have the right to work out their terms of pay and benefit's Unions have treated the working people like they are stupid and used the union dues to increase their own status in government, not to help the workers.

The Obama administration releases its final fuel efficiency standards for cars and trucks, requiring each automaker's fleet to reach an average 54.5 miles/gallon by 2025, nearly doubling current levels. To meet the standard, automakers will need to introduce new technologies and sell more alternative fuel vehicles. Critics say the rules will add thousands to new car prices. [View news story]

Obama has know knowledge of what makes a automobile operate and neither do his advisors. He will make a law that he feels will get him votes, regardless of what it does to the economy or the citizens of this country. That is the working and dutifully employed citizen. This Presidency is a farce,all ways will be, and will be over soon, thank God!

GM (GM) has reached a deal to sell the illiquid P-E assets in its underfunded pension plan to the Chinese government for $1.5B-2B, according to an FT report. GE's pension plan has $109B in assets and $134B in obligations, making its funding liability one of the largest risks to the company. [View news story]

In the past couple of years GM has done a lot of terrible things to me, but this is the worst! Selling my future to China.

The US Government bailed out G.M. a couple of years ago. This was a very large sum of money. G.M. them gave the UAW Union (26) twenty-six billion of this money for their retirement fund. Now G.M. is trying to get ride of all the Salaried retirees pensions that in most cases the salaried employees contributed to while they worked. What kind of a scam is this, that G.M. is trying to pull on the salaried employees? I do believe that we the people require an explanation from our Government. That s right the do nothing elected representatives we have.

China plans to subsidize the development of pure-electric and plug-in hybrid vehicles in the nation to reduce the nation's dependence on oil and cut emissions. The State Council's public goal of seeing 5M alternative-energy vehicles produced by 2020, blows away previous estimates and sets the prize high for a company able to knock out a technological breakthrough in the industry. EV-related plays include F,GM, TSLA, NSANY.OB, AVAV, ECTY, GACR.PK, KNDI, HMC, JCI, NRG, ZAAP.OB, VLKAY, and AONE. [View news story]

Now that G.M. is developing China with our money, what will the UAW do with all the jobs that they are loosing in this country. Will G.M. send the American workers to China for jobs?